West San Jose 95129 Median List Price Trends 2015 versus 2014

West San Jose 95129 real estate market shows rapidly growing price trend

West San Jose (95129) real estate area has had a great run over the last year with overflow demand from Cupertino spilling linearly across the neighborhoods, especially where schools are part of Cupertino school district. However, the demand has been strong enough to boost prices in non-Cupertino school district areas of West San Jose real estate market mainly driven by hi-tech business growth, low interest rates, lots of international buyers and low inventory. 

There are many measures and statistical dimensions to analyze trends and present them in a cogent way for you to get a sense of market's trajectory. In this blog entry I present the comparative Median List Price Trends between the first 3 months of 2015 and corresponding numbers for 2014 to get a sense of how much the market has moved in a year. 

West San Jose (95129) Real Estate Median List Price Trends 

As can be seen from the above chart, the 2014 numbers were far lower in the first three months of 2014, when compared to the first three months of this year 2015. 

In Jan 2015, we saw a 50% rise in the Median List Price of homes when compared to Jan 2014.  

The price in Feb 2015 shows a significant drop from Jan 2015 by about 20% but when compared to the figures of Feb 2014, there is actually a 20% gain in Feb 2015. There can be many reasons for the same. Please let me know if you are interested in learning more about this and I can tailor information for you. 

In March 2015, the Median List Price rose from Feb 2015 by another 11% to $1,450,000 thus showing a rapidly rising trend in List prices in the area.  When compared to March 2014, the rise in Median List prices is 20%.

NOTE: the above figures are LIST prices and not SALE prices which have their own interesting trend.  

We believe that the trend towards higher List prices will continue as long as low interest rates, low inventory levels and buying interest from local and international buyers continue to happen while the economy continues to grow. Unless one of these factors takes a hit, we do not anticipate a drop in prices. 

If you are looking for the sales trend numbers or would like to discuss either Selling your home in the neighborhood or buying your home/investment property in the West San Jose real estate area, please do not hesitate to contact me for a no-obligation discussion. 

I bring to you my experience and expertise in pricing, staging and home prep, negotiations, offer management, coordination with Escrow and Banks, consistent communications, and commitment to exceptional service. I help both buyers and sellers with achieving their real estate objectives. 

How much is your home worth? Don't rely on automated estimates. Click here to get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Cupertino Real Estate Median List Price Trends 2015 versus 2014

Cupertino Median List Price Trends Show Steadying Price Levels 

Cupertino's real estate market is traditionally a sellers' market - at least that has been the case for well over a decade now. Over the last 3 years, the market has seen an inflow of fairly consistent foreign buying with many cash deals. In addition the low interest rates have boosted buying demand and hence home prices have risen to record levels. Besides, Cupertino boasts of top class public schools that count among the top in California state. 

There are many ways to measure the market conditions and trajectory. In this blog entry I share the trend measured by the rate of change of List Price taking the Median. The chart below shows 2014 Median List price levels in blue and 2015 levels in green. 

Cupertino Median List Price Comparative Trend 2015 versus 2014

As can be seen, the 2014 trend showed that between Jan 2014 and Feb 2014, there was a rapid rise of 15% in List prices, and between Feb 2014 and March 2014, there was a rise of 11%.  In the current year 2015, the median list price in Jan was at $1,248,000 that, in Feb 2015, grew by a whopping 28% within a month. But in March 2015, one can see that there was some stabilization in that the median prices stayed around the same levels albeit a tad lower at $1,595,000. 

The outlook for the next few months is dependent on how interest rates move and whether high prices are sustainable in attracting more buying from overseas and local buyers. Additionally, inventory levels will play a huge role in dictating the direction of prices. If the interest rates and inventory stay low, one can expect continued rise in prices albeit by relatively smaller percentage points. 

As always, please do not hesitate to ask any questions about real estate and about your own neighborhood or home. If you are in the market to sell your home, I offer my expertise in pricing, staging and home prep, negotiations, offer management, aggressive online and offline marketing and much much more. If you are in the market to buy your home or investment property, I can make it happen for you. 

How much is your home worth? Don't rely on automated estimates. Click here to get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Sunnyvale 94087 Median Home List Price Trends 2015 vs 2014

Sunnyvale 94087 shows continued listing price rise

Buyers and sellers alike look for real estate pricing trends for the city of their interest especially when the city is hotly in-demand due to facilities, closeness to highways, workplaces and great schools. 

Sunnyvale's 94087 real estate area is such a hotly in-demand locality and median List prices are showing a rapidly growing trend even after two continuous years of price growth. The graphic below shows a side-by-side comparison of pricing for each month in the first quarter of 2015 versus the corresponding months in 2014. One can see that although January 2015 was a tad lower compared to Jan '14, the price trend quickly moved up to beat last year's list price trend for February and March. 

Sunnyvale 94087 Real Estate Median List Price Trend 2014 vs 2015

Note: The above chart is the median LIST price trend and not SALES price trend which will show a much higher median number and a higher trend. 

As always, your comments and questions on real estate are most welcome. Contact me for all your real estate needs be it to price your home to sell or to understand real estate trends in your favorite Bay Area city for investment properties or for buying your home. 

How much is your home worth? Don't rely on automated estimates. Click here to get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

Read More